Makhteshim Aganand Isagro Sign Exclusive License Agreement for the use ofKiralaxyl for Seed Dressing02:55 EDT Monday, June 27, 2011TEL-AVIV, Israel, and MILANO, Italy, June 27, 2011 /PRNewswire/ -- Agreement allows for further development of
seed dressing applications; MAI will market the
active ingredient using Isagro's global
registrationsThe Makhteshim Agan Group (MAI) (TASE:MAIN), the world
leader in branded off-patent crop protection solutions, and the
Isagro Company(Isagro isg:IM) a
well-established player in discovery and development of
agro-chemicals, announced today they have reached an agreement for
the exclusive license of the active ingredient kiralaxyl for
seed dressing applications globally.According to such an agreement, MAI will have the rights to
register, develop and market mixtures and formulations based on
kiralaxyl for the seed dressing market. Isagro will continue
to manufacture and hold registrations for the active ingredient of
kiralaxyl. Furthermore, the agreement allows for development
and registration of products to better address customer needs in
the segment of seed dressing, predominantly in North America.
Financial terms of the agreement were not disclosed."We are pleased to add an attractive active ingredient such as
kiralaxyl to our portfolio, a molecule that complements our product
offering for seed dressing applications. The agreement is
consistent with our strategy of expanding and enhancing our product
offering and is especially complementary to our proposition in the
Americas region. By joining forces with a reputed player,
such as Isagro, we can advance our ability to create and deliver
simple, effective and unique solution to farmers globally"
commented Efrat Segal, Head of Global Seed Dressing Sector at
MAI. Massimo Scaglia, Isagro's Business Development
Corporate Director said "we are happy for the opportunity to
partner with MAI and confident that the agreement will allow us to
further develop Kiralaxyl globally on a market segment where Isagro
is not present yet. As importantly, by licensing marketing rights
to other players in our industry we are able to focus our resources
more effectively. We continue to place an emphasis on selective
research and market opportunities to generate further growth.Kiralaxyl is a systemic fungicide with protective and curative
action. The molecule is mostly used as a foliar fungicide in
grapes, potato and vegetables and sold in mixtures. The use for the
seed dressing applications will be focused on various field crops.
.About Makhteshim Agan GroupMakhteshim Agan Industries Ltd is a leading manufacturer and
distributor worldwide of crop-protection products and the largest
generic player in the sector. The Company supplies efficient
solutions to farmers that assist them in combating disease and
increase yields. In 2010 the Company's sales revenues were over USD
2.37 billion, and it is ranked number 7 in the world agro-chemicals
sector. The Company is characterized by its know-how, high-level
technological-chemical abilities, expertise in product
registration, observance of strict standards of environmental
protection, stringent quality control and global marketing and
distribution channels. For more information visit us at
http://www.ma-industries.comAbout Isagro S.p.AIsagro is the leading company of a Group which, in a little more
than fifteen years, has become a qualified operator in the field of
agrochemicals.The policy of strategic partnership that the Company
has developed over the years has made it a "small global player".
Listed on the STAR segment (mid-cap companies complying with strict
requirements) of Milan Stock Exchange, Isagro is active in the
discovery, development, production and marketing, on a worldwide
scale, of proprietary agricultural pharmaceuticals, as well as in
their distribution in some important markets.Contacts:
Makhteshim Agan Industries:
Rony Patishi-Chillim, Head of Global Corporate communication and
Investor Relations Manager, ir@ma-industries.com, tel.
+972-73-232-1119, http://www.ma-industries.com
Isagro S.p.A.:
Ruggero Gambini, Investor Relations, tel.
+39-02-40901-248
Maria Teresa Agazzani, Corporate Communication, tel.
+39-02-40901-266
http://www.isagro.comSOURCE Makhteshim Agan Industries LtdFor further information: .

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